This all means that the Secured Mastercard is the most flexible secured card on the market, and it lets business owners with struggling credit rebuild their finances with responsible spending. Issuers also use SSNs to inquire about the applicants personal credit by performing a hard credit check. Typically, no. When shopping around for alternatives, always read a cards terms and conditions before applying to understand the liability and credit reporting standards youll be signing up for. Divvy Smart Credit Card for Business only requires a soft personal credit check. With the Spark Classic, credit-challenged business owners can access an unsecured credit limit and cash back rewardsa flat-rate, unlimited 1% cash back for every dollar you spend. This is a great solution for business owners managing several employees, but whose low or limited credit has disqualified them from traditional business credit cards. Note that Emburse does require a Social Security or tax ID number to verify an account, but not for a credit check just for personal verification. Nickis an author, small business owner, and finance/digital marketing writer. And there are flexible rewards that are similar to Mastercard Easy Savings. All images and trademarks are the property of their respective owners. This is why a credit history helps build a good credit score. We'd love to hear from you, please enter your comments. Yes, getting a loan with an EIN number is possible only. Financial Literacy | Improve Credit Score - Instagram Yes, many business credit cards dont require you to have an established business income. Theres no annual fee. This is also called company only liability and is a perk offered for those businesses with high revenues such as a million dollars in annual revenue or more. Or if a retailer offers a business discount, sometimes theyll require you verify your business status will an EIN. Let's look at the seven best no personal guarantee credit cards for business. The following two tabs change content below. We encourage everyone to share their knowledge while respecting our content guidelines.